The International Monetary Fund (IMF) has forecast global growth to contract by 3 per cent in 2020, meaning the downturn will be the worst since the Great Depression of the 1930s. Photo: Reuters
The International Monetary Fund (IMF) has forecast global growth to contract by 3 per cent in 2020, meaning the downturn will be the worst since the Great Depression of the 1930s. Photo: Reuters

Coronavirus: China, Asia manufacturing recovery to be short-lived with 2020 growth set to grind to a halt

  • Asia-Pacific growth is set to be zero, worst than the global or the Asian financial crisis’, says International Monetary Fund Asia and Pacific Department chief
  • Changyong Rhee says any recovery in the manufacturing sector in China and the rest of Asia needs to be viewed with caution

The International Monetary Fund (IMF) has forecast global growth to contract by 3 per cent in 2020, meaning the downturn will be the worst since the Great Depression of the 1930s. Photo: Reuters
The International Monetary Fund (IMF) has forecast global growth to contract by 3 per cent in 2020, meaning the downturn will be the worst since the Great Depression of the 1930s. Photo: Reuters
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